Investor Presentation - February 2021 - AML3D
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Investor Presentation February 2021
Disclaimer
AML3D Limited (“AML3D” or “the Company”) does not take responsibility The recipient should not rely on any material contained in this presentation as a
for any information, statement or representation contained in this presentation statement or representation of fact. No recipient should expect AML3D to owe
or any omission from it. AML3D has not carried out an audit or verified any of it any duties or responsibilities in connection with any transaction. To the
the information contained herein. Any projections and forecasts contained in maximum extent permitted by law, AML3D expressly disclaim any and all
this presentation represent best estimates only and involve significant elements liability (including without limitation for negligence) for representations or
of subjective judgement and analysis which may or may not be accurate. No warranties or in relation to the accuracy or completeness of the information,
representation or warranty is given as to the achievement or reasonableness of statements, opinions or matters - expressed or implied, contained in, arising
any plans, future projections, management targets, prospects or returns and out of, derived from or for omissions from this presentation or any other written
nothing in this presentation is or should be relied upon as a promise or or oral communications transmitted or made available including, without
representation as to the future. limitation, any historical financial information, any estimates or projections and
any other financial information derived therefrom. This presentation is not and
AML3D disclaim all liability for any loss or damage of whatsoever kind (whether does not constitute an offer to sell or the solicitation, invitation or
foreseeable or not) which may arise from any person acting on recommendation to purchase any securities and neither this presentation nor
any information and opinions contained in this presentation, notwithstanding anything contained in it forms the basis of any contract or commitment.
negligence, default or lack of care. No responsibility is accepted to inform
the recipient of this presentation of any matter arising or coming to
AML3D’s notice in relation to this opportunity. In providing this presentation, no
obligation is undertaken to provide the recipient with access to any additional
information.
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 1
AML3D: Corporate Snapshot
FY21 Focus Areas
Corporate Snapshot – 25 Feb 2021
ASX Code ASX:AL3 • Growing manufacturing capabilities in Singapore and Adelaide
Share Price $0.35 • Pursuing global business opportunities in target industries
Shares on Issue ~149.6m • Expanding contract manufacturing base to drive long-term
Options on Issue 15.5m repeat customers
Market Capitalisation ~A$52.4m • Building ARCEMY® modules to service customers inhouse
Cash (as at 31 Dec 2020) ~A$11.2m 3D printing needs
Enterprise Value ~A$41.2m • Growing recurring revenue via annual software licensing,
service and maintenance agreements and sale feedstock
Register Breakdown Broader Growth Strategy
• Continuing research and development activities
14% • Refining and enhancing product range and processes
Retail • Global distribution of ARCEMY® modules
Board & Management • Growing contract manufacturing customer base
28% 58%
Institutional
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 2
AML3D: Foundation for success and returns in place
PEOPLE
Board and management with a broad
and global skill set
WAM® TECHNOLOGY
Market disrupting technology ahead
CAPABILITY of peers and traditional approaches SUSTAINABLE
The best technical minds
Best technical minds that have built SHAREHOLDER
WAM® technology from ground up RETURNS
ARCEMY® UNITS
Our main focus is to deliver long-term
Quick manufacturing turnaround and small
sustainable returns for shareholders by
INNOVATION footprint that expedites delivery capability
growing market share and securing
Research and development focus to multiple recurring revenue streams
deliver new solutions for customers
FINANCIAL CAPABILITY
Sufficient cash to deliver material and
CULTURE recurring revenue
We focus on our people and build strong
customer relationships through integrity
and performance
Our values drive our approach to innovate, satisfy customers and ultimately deliver sustainable shareholder returns
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2020. All rights reserved. 3
AML3D: Building a long-term value proposition
SCALEABLE FOOTPRINT
• Small footprint required for roll-out of
SUSTAINABLE
manufacturing sites SHAREHOLDER
DISRUPTIVE TECHNOLOGY RETURNS
• Stronger, quicker, less waste than
forged equivalents
• Lloyd’s Register certification
ENORMOUS MARKET OPPORTINUTY
• ~US$10bn market size1
• Growing to US$63bn by 20261
COMMERCIALISATION UNDERWAY
• Numerous customer contracts signed in 2020
• Pipeline of new contracts
• Funding coverage anticipated until sustainable revenue
Fully funded with new customers onboard, a strong pipeline of opportunities and the right culture and capability
1As per Mordor Intelligence report “3D Printing Market – Growth, Trends, Covid-19 Impact, and Forecast (2019-2026)”, released November 2020
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2020. All rights reserved. 4
AML3D Proprietary Technology
WAM®: Advantages of Our Technology
WAM® vs Typical Subtractive Technology: WAM® vs Powder Additive 3D Technology:
• Up to 30% stronger than cast or forged parts via • Certified Additive Manufacturing process
sequential metal layering
• Certified feed stock that is affordable and
• 75% faster customisation without tooling readily available in nearly all alloys
investments
• Sustainable, less material waste
• 70% cost reduction through weight, time and
logistics efficiencies • Does not require enclosures for inert gas
• Sustainability at its core, generating 80% less • Stronger / less porosity
material waste
• Faster builds
• Bespoke products for customers
• Resource-efficient
CERTIFIED STRONGER FASTER EFFICIENT SUSTAINABLE
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 6WAM®: Stronger than Forged
WAM® parts stronger than
forged equivalents
• Independent testing* found, WAM® printed high strength steel presents:
• c.30% higher ultimate tensile strength (UTS) than the applicable
global standard; and
• c.10% higher UTS than the same steel components made using
conventional forging techniques
• Testing propelled by inbound interest with results provided to existing and new
potential customers
• Demonstrates nature of AML3D®’s technology
• Results highlight AML3D’s ability to deliver a market leading innovation with
global accreditation – enormous opportunity to disrupt large industrial sectors
*National Association of Testing Laboratories, accredited group, Intertek, conducted the testing on behalf of AML3D
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 7Commercialisation of WAM® Underway
Revenue New Customer
Generation Customers Pipeline
• Contract manufacturing • 12 customer • 100+ discussions initiated
• ARCEMY® sales contracts signed • 50+ component and
• Licensing • Initial focus on specification requests
• Consumable sales component testing • 20+ customers engaged for
• Anticipated recurring component testing*
annual revenue stream • High pipeline
conversion expected
Target industries
Aerospace & Defence · Marine · General Manufacturing · Mining, Oil & Gas
* Projects awaiting commencement, in testing or project delivery is in progress.
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2020. All rights reserved. 8AML3D® Certifications
In 2018, AML3D became the first wire arc In 2018, AML3D became AML3D complies with the globally In 2019 AML3D became
manufacturing facility globally to receive ISO 9001 compliant accepted American Welding Society bizSafe Level 3 certified by
an “Additive Manufacturing Facility Standard that articulates specifications for WSH Council Singapore
Qualification” from Lloyds Register ISO accreditation validates fabrication of metal components using BizSafe promotes workplace safety,
AML3D’s technology in the highest order additive manufacturing
Certification by Lloyd’s Register not only health, risk management and anti-terror
for this sector and allows it to engage
provides validation to AML3D’s capabilities for companies operating
commercially within the In compliance with this standard,
technology but also provides direct in Singapore
Aerospace industry AML3D issues certificates of compliance
exposure to commercial opportunities
to its customers in relation to
About Lloyd’s Register manufactured parts
Maritime classification society
established in 1760 that consists of engineers
and technical experts dedicated to assurance.
Lloyd’s is one of the world’s leading providers
of professional services for engineering and
technology, focused introducing new
technologies directly to commercial partners.
© AML3D® 2021. All rights reserved. 9
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited.Scaleable Manufacturing Footprint
• Adelaide head office and
manufacturing hub running efficiently
and effectively
• Singapore STEE manufacturing site
established in 2020; AML3D site
positioned for commencing in 2021
• Low-cost global rollout of
manufacturing sites to profitable
markets
• Three key country markets to be
targeted over the next 1 to 2 years Head Office
Current Satellite
• Four main target industries identified Target Satellite
Small Adelaide footprint ready and able to cost effectively roll-out manufacturing sites globally
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2020. All rights reserved. 10The Market
Market Opportunity
AML3D WAM® technology is market leading and driving revenue growth in a massive and exponentially growing market
Global Additive Manufacturing Market Size (US$bn)1 Additive manufacturing market expected to grow at a CAGR of 29.5%
to 2026
70
60 63 • Market size increase estimated at US$63 billion by 20261
• Additive manufacturing at the forefront of innovation in the industrial
50
sector with enormous potential going forward
Market Size (US$bn)
40 CAGR 29.5% • Major industry participants seeking to adopt new and sustainable
technologies
30
• AML3D primed for growth in the outperforming Asia Pacific region
20 • AML3D WAM® technology poised to capture market share as
workflows are streamlined and emissions targets set
10 14
0
2020 2026
1As per Mordor Intelligence report “3D Printing Market – Growth, Trends, Covid-19 Impact, and Forecast (2019-2026)”, released November 2020
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 12AML3D and Industry 4.0
The global manufacturing sector is transitioning toward artificial intelligence and smart,
autonomous systems
1784 1870 1969 Today
Industry 1.0 Industry 2.0 Industry 3.0 Industry 4.0
Mechanisation of Mass Production Automation, Information &
Production and Electrical Energy Computers Communication
and Electronics Technology
Production capacity The discovery of
grew 8 times, electricity and Partial automation Digitisation of
increasing human assembly line using memory- manufacturing –
productivity with production – improved programmable Network connection,
steam power speed of production communication and production automation,
at a lower cost computers and cyber-physical
production systems
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 13AML3D and Industry 4.0
Industrial Digitisation
Current market conditions are accelerating the global push towards Industry 4.0
• Covid-19 has increased need to automate manufacturing processes
• Global drive to (net) zero-emissions has contributed to the re-evaluation of current
industrial systems
• Additive manufacturing technology primed to disrupt traditional practices in a time of
radical change
Additive Manufacturing and WAM®
WAM ® is a leading solution in metal additive manufacturing, providing low-cost,
low-risk and accurate solutions
• Reduced time and materials wastage compared to traditional methods
• Improved economics, expanding the reach additive manufacturing
• Automated and streamlined workflows
• A socially inclusive response to manufacturing with sustainability at its core
• Minimal transportation requirements, reducing emissions and costs
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 14Target Markets Marine Aero & Defence General Manufacturing Mining, Oil & Gas • Housings • Seat frames • Machine tool dies • Mining hardware • Propellers • Cabin frames • Rail rolling stock • Valves and connectors • Shafts • Shields • Wheels and wear components • In-situ repairs • Bulkhead structures • Connectors • Pump castings and impellors • Replacement cast and forged • Galley and bearing components • Brackets • Shafts and valves components for underground / • Valve part • Cargo frame structures • Food machinery components drilling equipment • Short-term replacement items • Bulkheads and support frames • Agricultural equipment parts • Frames • Pump castings AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 15
Business Model
LICENSING, SERVICE &
CONTRACT MANUFACTURING ARCEMY® SALES CONSUMABLES SUPPLY
MAINTENANCE OPTIMISATION
• Fee for Service manufacturing for • Ongoing annual service fee, • Mobile 3D printing modules • Key agreements with major global
customers including training, software available for sale producers for wire feed stock
updates and staffing
• Significant markets - Targeting • High demand from marine, mining • Consumable wire feed stock
Singapore (Asia) first • Optimisation services to and oil & gas industries to have provides ancillary revenue stream
continually improve the quality of capability in-house
• Design optimisation service for
WAM® Additive Manufacturing the welding technology • Services remote locations
generating significant cost and
• Customised production of
time savings
specialist parts saving time and
money
MODEL TO MARKET MODEL TO MARKET MODEL TO MARKET MODEL TO MARKET
Direct to customer via AML3D Long term support contracts Module sales via appointed global Direct to customer and indirect
on approved vendor list post sale of ARCEMY® units distributors, two appointed to date through distributors
AML3D HAS A COMPLEMENTARY, MULTIPLE REVENUE STREAM BUSINESS MODEL
Where customers look to establish in-house 3D print capability, the ARCEMY® solution provides the technical solution together
with structured service and support. For customers requiring a cost effective contract manufacturing service with short lead times,
the bureau model provides an efficient service with a centre in Australia and another to be established in Singapore.
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 16Partnership: AdditiveNow
Strategic partnership positions
AML3D for growth
• Agreement executed - AML3D entered Strategic Partnership with
Worley Limited’s (Worley) additive manufacturing joint venture, AdditiveNow
• Mineral testing program commenced with major Australian
mining company
• AML3D’s WAM® technology aiming to reduce inventory costs
associated with high-wear and fatigue loaded components
• Results to provide valuable technical insight on material properties,
performance and strength of WAM®
• Positive results will extend AML3D’s reach to new global markets,
fast-tracking the widespread adoption of the Company’s technology
suite
About AdditiveNow
AdditiveNow is a joint venture between Worley’s data science, software and
technology division ‘Advisian Digital’ and Aurora Labs Limited. Provides additive
manufacturing, engineering expertise and bespoke 3D printed complex parts
for the energy, chemicals and resources industries
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 17Partnership: ARCEMY® Sales
AML3D delivers ARCEMY® modules to
customers in Singapore and Australia
• 1st ARCEMY® module - delivered to ST Engineering in June 2020
• Acquired under a “rent to buy” agreement where AML3D retains the right to use
50% of the ARCEMY® module’s capacity through the ‘rent’ period
• Provides flexibility for AML3D whilst establishing its Singapore facility
• 2nd ARCEMY® module – purchase by Rowlands Metalworks in November 2020
• The highly specialised ARCEMY® unit will additively join sheet metal structures and
manufacture bespoke components for Rowlands Metalworks’ customers in Australia
• 3rd ARCEMY® module – purchase by iKAD Engineering in December 2020
• iKAD Engineering are a highly specialised Mechanical and Structural Engineering
Company providing a diverse range of services across Australia and overseas
• The ARCEMY® module will produce large-scale pipes of multiple length
and diameter dimensions
• Sales deliver key market penetration, expected third party validation could
accelerate adoption of AML3D’s WAM® technology
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 18Investment Summary and Catalysts
✓
AML3D® is the first wire arc manufacturing facility Upcoming catalysts
globally to receive an “Additive Manufacturing • Near term customers program catalysts:
Facility Qualification” from Lloyds Register
• Lightforce – Progression of body armour program, Stage 2
• Austal – Destructive testing results of prototype lifting device
Clear advantages over substrative and powder • AdditiveNow – Purchase order from AdditiveNow client base for
AM based manufacturing methods the purposes of performance testing for mining client
• Keppel – Panama Chock physical load testing in Q3/4-FY21
with results to follow
Targeting Tier-1 marine, defence, • ST Engineering – Strategic discussions and customer support
aerospace, mining, energy and general
manufacturing industries • 3DPC – Purchase order(s) from 3DPC client base for the
purposes of performance testing
• Spare Parts Provider – Performance testing results
Engaged with large number of customers
• Thyssenkrupp and Wilhelmsen – WAM® validation
that have the potential to deliver significant
contract manufacturing revenues • The initiation of new customer programs
• Installation of new production units at Adelaide facility
• Technology enhancements from joint development collaborations
Capitalised (c.A$11 million) to deliver sustainable (CSIRO & AMGC)
revenue growth and underlying earnings
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 19Investor Presentation Thank you
Case Studies
Defence: New Armour Systems
AML3D to expand its armour system offering
• AML3D has attracted inbound interest to develop additional armour systems
• AML3D to apply advanced IP to develop:
• Ballistic body armour systems
• Blast resistant body armour systems
• Ballistic and blast resistant vehicle/drone/componentry armour systems
• Custom armour solutions to deliver enhanced protection
• The limitations of subtractive manufacturing methods restrict the
versatility of armour systems, impacting the range of available solutions
• WAM®’s capability to produce custom armour systems to satisfy specific
needs is of great value to defence forces globally
• AML3D has initiated scope discussions with a large Asia based defence
contractor. The Company anticipates to deliver components for performance
testing in the December quarter
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 22Defence: Austal
AML3D expands its marine presence with Austal
• AML3D® has executed a contract with Austal Limited (ASB.ASX) (‘Austal’) to develop components
for maritime defence applications
• First project: The design and manufacture of a next generation lifting device that is:
• Lighter and more ergonomically friendly
• Possesses enhanced load-bearing capabilities
• This project is highly aligned with AML3D®’s strategic goals and will inevitably validate and
exemplify the capabilities of AML3D to the Australian and the broader global defence market
• Austal is interested in exploring WAM®’s robotic capabilities in large scale ship
module constructions
About Austal
Austal is a global, ship-building defence prime contractor, specialising in design,
construction and support of defence and commercial vessels
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 23Defence: ASC Shipbuilding
AML3D commences manufacturing evaluation
program with ASC Shipbuilding
• AML3D has executed a contract with ASC Shipbuilding, a subsidiary of BAE Systems Australia, to
undertake a manufacturing evaluation program for the Department of Defence contractor
• ASC Shipbuilding is focused on unearthing new technologies that maximise the cost effectiveness
of local manufacturing whilst minimising lead-times for ship sustainment
• First project: Produce various geometric parts in a range of metal alloys with the objective of
meeting BAE’s internal standards for additive manufactured products
• AML3D components to be assessed for use as a suitable manufacturing solution to support
continuous naval shipbuilding for the Australian Government
• This project will provide additional validation of AML3D’s WAM® technology within
the marine industry
About ASC Shipbuilding
ASC Shipbuilding is a leading Australian defence contractor focusing on marine
vessels. ASC has been awarded a contract to design and manufacture nine
Hunter class frigates for the Royal Australian Navy
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 24Marine: 3DPC Propeller
AML3D delivers propeller to 3D Printing
Corporation (3DPC)
• AML3D designed and manufactured a stainless-steel grade 316L propeller for one
of 3DPC’s clients
• The ‘showpiece’ propeller to demonstrate the advantages of AML3D’s WAM®
technology over traditional casting methods
• Over the coming months, 3DPC’s clients will verify WAM®’s capabilities
• Successful validation may lead to commercial contracts with various 3DPC clients
• Significant opportunity to capitalise on the growing global market for propellers that is
anticipated to reach ~US$5.4bn by 2022 with considerable demand coming from the
APAC region*
About 3DPC
3DPC is a Japanese based 3D printing consultancy firm, focused on unearthing
innovative, industry 4.0 technologies capable of enhancing the manufacturing
capabilities of their clients
*https://www.prnewswire.com/in/news-releases/marine-propeller-market-worth-537-billion-usd-by-2022-654972273.html
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 25Marine: Thyssenkrupp & Wilhelmsen
AML3D commences production of impeller
for Thyssenkrupp and Wilhelmsen
• AML3D to manufacture a marine-grade stainless steel impeller for Thyssenkrupp
and Wilhelmsen, operating the largest maritime network in the world
• The impeller is to be manufactured to demonstrate the advantages of WAM® over
traditional casting methods
• Successful validation may represent a significant commercial opportunity for AML3D
About Thyssenkrupp and Wilhelmsen
Thyssenkrupp is a German industrial and technology business conglomerate and one
of the largest steel producers in the world. Wilhelmsen is a Norwegian maritime industry
group operating the largest maritime network in the world
Thyssenkrupp and Wilhelmsen have established a 3D printing joint venture aiming
to optimise the production and deliver process of 3D printed spare parts for the
maritime industry
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 26Appendices
Corporate Timeline
2014
2015
2016
2017
2018
2019
2020
2021
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 29Facilities
Australian Facility (ADELAIDE) Singapore Facility (TO BE ESTABLISHED)
AML3D® has relocated to a new facility to accommodate planned AML3D® to establish a Singapore contract manufacturing centre
growth and consolidate manufacturing operations: in order to provide a rapid response to growing customers base
located within the Asia-Pacific region.
• Approximately 250m2 of office space
• Once a lease is finalised the Company anticipates the facility will
• Approximately 3,300m2 Warehouse & Manufacturing be commissioned within six months.
• Benefits of Adelaide operations: • Given the impact of COVID-19, the Company aims to meet capacity
demands for contract manufacturing in Singapore (until facility is
• central location to service Australian customers
establish) by utilising:
• commercial property in Adelaide is affordable
• the ST Engineering ARCEMY® unit as a demonstration model
• skilled and affordable labour
• capacity at the expanded Adelaide Contract
Manufacturing Centre
AML3D®, WAM®, WAMSoft®, ARCEMY® are all registered trademarks for AML3D Limited. © AML3D® 2021. All rights reserved. 30You can also read
